Zona de Azar Peru – Peru: 145 Applications Submitted for Games and Sports Betting

Peru.- March 19, 2024 www.zonadeazar.com Source Office of Communications and Protocol Ministry of Foreign Trade and Tourism (03-16-2024)

Minister Mathews: 145 authorization applications have been submitted to carry out remote gaming and sports betting activity

The Minister of Foreign Trade and Tourism, Juan Carlos Mathews, announced that during the first 30 days of the entry into force of Law No. 31557, which Regulates the Exploitation of Remote Games and Remote Sports Betting, 145 authorization requests have been made. been presented by national and international companies to participate in this activity.

Not only that, during that period, 144 linked service providers have also been registered and 7 international certification laboratories have been accredited. Likewise, providers have submitted 184 applications for approval of technological platforms, game programs, progressive systems and game modalities.

These companies submitted their request to formalize and obtain the corresponding authorization to continue operating in Peru, a clear sign that the regulation of this activity has been successful.

In that sense, the head of Mincetur highlighted that the entry into force of Law No. 31557 and its regulations will provide security to the bettor with responsible gaming policies. Also, the formalization of the activity will generate a regulated economic movement with payment of taxes.

“This is an important step that Peru is taking to regulate this activity, not only because of the economic movement it generates and the revenue it will have, also because of the need to provide security to citizens who enter and use these applications,” commented the minister. Juan Carlos Mathews.

He added that on March 13, authorization requests were closed for those companies that had been operating before the Law came into force. Therefore, those companies that continue to offer this type of service and are not authorized will be subject to a penalty of no less than 150 UIT, and also a criminal complaint and disqualification from carrying out this activity.

It is important to highlight that 20% of the income from the tax on remote sports betting and games constitutes income for the promotion and massification of sport at the national level (Peruvian Sports Institute – IPD), which will strengthen national sport. facing the Pan American Games Lima – 2027.

ABOUT THE LAW

As recalled, Law 31557 or Law that regulates the exploitation of remote sports betting and games indicates, among various aspects, that the Mincetur is the administrative authority at the national level that regulates, authorizes, revokes, supervises and sanctions the exploitation of remote games and remote sports betting.

The legal device maintains that only natural persons of legal age, of Peruvian or foreign nationality, previously registered on the technological platforms of authorized remote sports betting or games, can participate in this activity.

In the case of remote sports betting gaming rooms, these may be located in a location exclusive to this activity or others whose main purpose is the sale of other products or services.

Regarding betting, the new law indicates that the player must pay for his bets with currency, credit cards, debit cards or any other means of payment, with the exception of cryptocurrencies.

It is important to specify that authorized companies as of April 1 will be subject to the tax on games and remote sports betting, of 12% on their income. The money won as a prize will be collected in full. The tax will apply only to companies.

Furthermore, in the case of obtaining prizes, these may be collected by the payment method that the player chooses or, failing that, through an account in his name, opened in a company in the financial system under the supervision of the SBS. .

It should be noted that only those sporting events that are part of national or international associations, federations or sports leagues can be the subject of sports betting.

It is estimated that by virtue of this norm, the Peruvian State will be able to raise close to S/ 162 million annually, to be invested in the reactivation of tourism, tourist infrastructure works, promoting sports and addressing mental health programs. That is, the amount collected will be divided as follows:

a)            20% constitutes income of the Public Treasury.
b)           20% transferred to the Ministry of Health: For Mental Health.
c)            40% constitutes Resources Directly Collected from Mincetur for control and supervision tasks of the exploitation of technological platforms for remote gaming and/or sports betting (25%) and for tourism promotion and development (75%)-
d) 20% constitutes income for the Peruvian Sports Institute (IPD) for the promotion and massification of sports at the national level.

DATA
• The list of authorized companies, laboratories and suppliers can be found at the following link: https://apuestasdeportivas.mincetur.gob.pe/registros_online.html
• Mincetur makes available the email addressesdeportivas@mincetur.gob.pe for any type of queries.
• It is the first time that this important economic activity is regulated in the country. In South America, Peru is the third country to regulate it, after Colombia and Argentina (in the provinces of Buenos Aires, Córdoba and Mendoza).
• It is estimated that the volume of bets made in Peru during 2022 was close to 3,800 million soles.

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